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Current Refi Mortgage Rates Report for Aug. 19, 2026
The current average refinance rate on a 30-year, fixed-rate home loan is 6.760%, according to Mortgage Research Center data. If you’re a homeowner hoping to refinance your mortgage for a lower rate or perhaps to tap home equity, read on to see average refi interest rates for a variety of loan types and terms. You can also see the prior day’s report here.
TL;DR
- Average refinance rate for a 30-year fixed-rate mortgage is 6.760% as of August 18, 2026.
- Rates vary by loan type: conventional, jumbo, FHA, and VA loans have different percentages.
- Mortgage refinancing involves obtaining a new loan to pay off an existing one and requires meeting lender requirements.
- Interest rates have remained elevated above pandemic-era lows, impacting homeowner decisions.
- Refinancing may be beneficial to secure a lower rate (at least 1% lower), tap home equity, change loan terms, or switch loan types.
- Refinancing costs typically range from 2% to 6% of the loan amount and include various fees.